September 22, 2025
Property Management Fees – What to Expect
Key Takeaways
- Typical Property Management Costs: Nationally, expect 8%–12% of monthly rent, with total annual costs (including leasing and other fees) ranging from 15%–25% of rental income. 1907 Property Management's own Oklahoma City plans start at $79 plus 2.9% of collected rent — see the real breakdown below.
- Fee Types Vary: Common additional charges include setup fees, tenant placement, lease renewals, and maintenance coordination, depending on the services provided.
- Local Advantage in OKC: Working with a local company like 1907 Property Management means personalized service, better tenant retention, and cost-effective management tailored to the Oklahoma City market.
- Additional Property Management Fees Add Up: Beyond the monthly management fee, property owners should budget for expenses like tenant placement, lease renewals, maintenance coordination, and eviction services, which can significantly increase annual management costs.
- A Professional Property Management Firm Improves Returns: An experienced rental property manager can help maximize profitability by reducing vacancies, setting competitive rental rates, coordinating maintenance, ensuring legal compliance, and providing detailed financial reporting.
At 1907 Property Management, we know that navigating the costs of professional property management can be confusing, especially with so many variables involved. That’s why we’ve created this guide to break down what you can expect to pay, based on location, service level, and fee structure.
Whether you’re a new property owner or a seasoned investor, understanding property management costs is key to maximizing your rental income and minimizing headaches. Keep reading to learn more about how much a property management costs!
Standard Fee Structures in the Market
The most common property management (PM) fee model is a percentage of the monthly rent collected. Nationally, this typically ranges from 8% to 12%, with 10% being the most common.
For example, if a property rents for $1,500 per month, a 10% fee would be $150 per month, or $1,800 annually in property management fees. This percentage-based model aligns the manager’s compensation with the rental property’s performance. As rent increases or decreases, the fee adjusts accordingly. These fees generally cover core services such as rent collection, tenant communication, routine inspections, and day-to-day maintenance coordination.
In some markets, flat monthly management fees are offered instead, usually ranging from $100 to $200 per unit, depending on the rental property’s size, complexity, and market conditions. Flat fees can offer predictable costs and may be more cost-effective for higher-rent properties.
What 1907 Property Management Actually Charges
Industry-wide ranges are useful for context, but here’s our real, current pricing in Oklahoma City — no guesswork required. We offer three transparent plans, so you only pay for the services you want included versus billed separately:
| Plan | Monthly Fee | Tenant Placement | Bi-Annual Inspection / HVAC Tune-Up | Lease Renewal | Evictions |
|---|---|---|---|---|---|
| Bronze | $79 + 2.9% of rent | 69% of one month’s rent | $175 | $100 | $250 |
| Silver | $79 + 5.9% of rent | 59% of one month’s rent | Included | $100 | Included |
| Gold | $79 + 9.9% of rent | 59% of one month’s rent | Included | Included | Included |
Every plan already includes tenant placement and screening, professional listing photos, move-in/move-out inspections, monthly rent collection, 24/7 maintenance coordination, owner accounting and statements, direct deposit to your account, a 24/7 owner portal, and our Landlord Protection Program. See the full pricing breakdown for a side-by-side comparison of all three tiers.
Additional Fees Beyond the Monthly Charge
Alongside the base rental property management fee, most companies apply other common charges, which vary by provider:
- Setup or Onboarding Fees: A one-time charge (typically $200–$500) when starting service. This covers account setup, inspections, and listing preparation.
- Leasing or Tenant Placement Fees: Charged when filling a vacancy, typically 50% to 100% of one month’s rent. This includes advertising, tenant screening, lease prep, and move-in coordination.
- Vacancy Fees: Some companies charge a flat monthly management fee while a unit is vacant to cover ongoing marketing and oversight, usually less than the standard property management fee.
- Lease Renewal Fees: Commonly $100–$200, or a portion of one month’s rent, for handling lease extensions and paperwork.
- Maintenance Coordination Fees: While routine maintenance is often included, larger repairs may carry a project coordination fee, typically around 10% of the total cost.
- Eviction Services: Costs vary but may include $500+ in fees, plus legal expenses. Collection efforts post-eviction can add additional charges, often as a percentage of recovered amounts.
- Late Fee Splits: Many PMs retain 25% to 50% of tenant late fees in exchange for handling rent enforcement and follow-up.
As an example, a rental earning $2,000/month may incur $2,400 in annual property management fees, a $2,000 leasing fee, and a few smaller charges, totalling around $4,800 annually, or 20% of the yearly rent.
Location Matters: Greater Oklahoma City
In the Greater Oklahoma City area, local property management firms offer full-service solutions with a focus on personalized service and community knowledge. Unlike large, national PM companies, local providers understand the nuances of Oklahoma neighborhoods, rental demand, and tenant behavior.
For instance, properties near universities or hospitals often attract short-term renters, while homes in Edmond or Moore appeal to families seeking longer leases. A local PM tailors leasing strategies to these patterns, helping reduce vacancies and improve tenant retention.
Property management fees in Oklahoma City are also more affordable than in coastal markets. A typical 8%–10% property management fee here often includes more hands-on service than what you’d get for the same percentage in higher-cost areas. Plus, local PMs usually have strong relationships with trusted vendors, helping reduce maintenance and repair expenses.
Rental property managers also understand seasonal trends, such as increased demand in spring and summer when families move before school starts. In winter, they may adjust marketing tactics to maintain occupancy. That local insight helps owners stay ahead of the market and maximize returns year-round.
Benefits of Working with a Professional Property Management Company
Hiring a professional property manager can easily pay for itself by saving time, reducing risk, and improving profitability. Property manager lower vacancy rates through expert marketing and help set accurate monthly rent prices based on local data. Rental property managers also boost tenant retention with responsive communication and reliable maintenance.
When it comes to repairs, property managers coordinate with vetted contractors, often securing better pricing and faster service than individual property owners could. Legally, rental property management companies ensure compliance with fair housing laws, lease regulations, and eviction procedures, protecting owners from costly mistakes.
Finally, they provide clear financial reporting, allowing owners to track income, expenses, and property performance with confidence. This transparency supports smart decision-making and long-term success.
Final Thoughts
Professional management typically costs 8%–12% of monthly rent, with total annual expenses, including leasing, renewals, and maintenance, ranging from 15%–25% of monthly rental income. While that may seem significant, the benefits, fewer vacancies, better tenants, legal protection, and time saved, often outweigh the costs.
For owners in Greater Oklahoma City, partnering with 1907 Property Management means more than outsourcing tasks, it means gaining a local, hands-on team dedicated to protecting your investment and helping you reach your financial goals. Have questions? Contact our experts, we’re here to help.
Frequently Asked Questions
How much does property management cost in Oklahoma City?
1907 Property Management’s plans start at $79 plus 2.9% of collected rent on the Bronze plan, up to $79 plus 9.9% on the Gold plan, depending on which extra services (like bi-annual inspections, lease renewals, and eviction handling) you’d rather have included instead of billed separately. See our pricing page for a full comparison, or call (405) 563-7557 for a custom quote.
What’s included in every 1907 Property Management plan?
Every Bronze, Silver, and Gold plan includes tenant placement and screening, professional listing photos, move-in/move-out inspections, monthly rent collection, 24/7 maintenance coordination, owner accounting and statements, direct deposit, a 24/7 owner portal, and our Landlord Protection Program.
Is there a fee to place a new tenant?
Yes, a one-time tenant placement fee applies — a percentage of one month’s rent that varies by plan — whenever we place a new tenant in your property.